NewEdge Advisors LLC Raises Position in iShares U.S. Treasury Bond ETF $GOVT

NewEdge Advisors LLC grew its holdings in shares of iShares U.S. Treasury Bond ETF (BATS:GOVT) by 347.1% in the first quarter, HoldingsChannel reports. The fund owned 2,838,987 shares of the company’s stock after purchasing an additional 2,203,995 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Treasury Bond ETF were worth $65,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Edge Capital LLC increased its stake in shares of iShares U.S. Treasury Bond ETF by 4.1% in the 1st quarter. Blue Edge Capital LLC now owns 103,256 shares of the company’s stock worth $2,366,000 after purchasing an additional 4,064 shares in the last quarter. Concorde Asset Management LLC lifted its position in iShares U.S. Treasury Bond ETF by 165.0% during the first quarter. Concorde Asset Management LLC now owns 41,552 shares of the company’s stock valued at $952,000 after purchasing an additional 25,870 shares in the last quarter. Maripau Wealth Management LLC lifted its position in iShares U.S. Treasury Bond ETF by 158.7% during the first quarter. Maripau Wealth Management LLC now owns 52,792 shares of the company’s stock valued at $1,209,000 after purchasing an additional 32,383 shares in the last quarter. Security Financial Services INC. grew its holdings in iShares U.S. Treasury Bond ETF by 1,083.2% during the first quarter. Security Financial Services INC. now owns 137,353 shares of the company’s stock valued at $3,147,000 after purchasing an additional 125,744 shares during the period. Finally, Westshore Wealth LLC grew its holdings in iShares U.S. Treasury Bond ETF by 5.0% during the first quarter. Westshore Wealth LLC now owns 427,882 shares of the company’s stock valued at $9,803,000 after purchasing an additional 20,524 shares during the period.

iShares U.S. Treasury Bond ETF Stock Performance

Shares of GOVT opened at $22.45 on Friday. The business has a 50-day simple moving average of $22.63 and a two-hundred day simple moving average of $22.83. iShares U.S. Treasury Bond ETF has a 52 week low of $22.40 and a 52 week high of $23.39.

About iShares U.S. Treasury Bond ETF

The iShares U.S. Treasury Bond ETF (GOVT) is an exchange-traded fund that is based on the ICE U.S. Treasury Core Bond index. The fund tracks a market-weighted index of fixed-rate nonconvertible U.S. Treasury securities with a remaining maturity of one year or more. GOVT was launched on Feb 14, 2012 and is managed by BlackRock.